COEUR D'ALENE, Idaho, May 25, 2016 /PRNewswire/ -- / OTC: MMMM / Mineral Mountain has acquired the Iditarod Gold project located 35 miles from the Donlin Creek gold project held by Novagold and Barrick Gold in the historic Kuskokwim Gold Belt of Southwest Alaska. The Iditarod Project is on State of Alaska land and covers an area of 16.5 square miles. The target is a bulk tonnage open pit gold resource in the prolific Kuskokwim Gold Belt.
The Iditarod Project covers geochemical anomalies of gold and antimony in rocks and soils and the project overlays a large magnetic anomaly that was defined by a 2010 airborne geophysical survey of the Alaska Division of Geological & Geophysical Survey (DGGS). The claim block also contains identified gold prospects (Golden Ground & Nelson Prospect). The project is located close to Flat, Alaska which is Alaska's third largest placer district by production. The presence of placer gold is often a good indication of bedrock enrichment.
Mineral Mountain is planning a 2016 summer field program of soil and rock chip sampling and geologic mapping on the property that will lead to a drill program in the 2017 field season. The current plan is to collect in excess of 2,000 soil samples to explore the Iditarod Project and define a drill target. Preparations are now under way for the 2016 field season. The 4,000 foot Flat Airstrip is close to the project and will be the staging area for the exploration program this summer.
About Mineral Mountain
Mineral Mountain (OTC:MMMM) is an exploration and development stage company that explores, acquires, and develops advanced mineral properties. The Company currently has a 100% interest in the Iditarod bulk tonnage gold target located 35 miles from the Donlin Creek Project (see NovaGold & Barrick Resources). The Iditarod project consists of 66 Alaska state mining claims covering 16.5 square miles.
Qualified Person and Quality Control/Quality Assurance
James G Baughman (SME-RM), a qualified person, has supervised the preparation of the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Mr. Baughman is not independent of Mineral Mountain, as he is the CEO & President.
Safe Harbor Statement
Some statements contained in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore, involve uncertainties or risks that could cause actual results to differ materially. These statements may contain words such as "desires", "believes", "anticipates", "plans", "expects", "intends", "estimates", or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause its actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Such statements include, but are not limited to, the potential of the Iditarod Project. Additional information regarding factors that could cause results to differ materially from management's expectations is found in the Company's SEC filings. The Company intends that the forward-looking statements contained herein be subject to the above-mentioned statutory safe harbors. Investors are cautioned not to rely on forward-looking statements. The Company disclaims any obligation to update forward-looking statements.
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SOURCE Mineral Mountain